The global allergy diagnostics market size was estimated to be USD 4,919.1 million in 2021 and is expected to witness a CAGR of 9.57% during the forecast period. Major factors responsible for the growth of this market are rising prevalence of allergic diseases such as asthma, urticaria, rhinitis, eczema, angioedema, and conjunctivitis; increasing pollution; change in dietary habits; and growing healthcare expenditure. However, factors such as lack of awareness of allergic diseases and stringent regulatory policies by the government are restraining the growth.

By Product

Based on product, the market is segmented into assays kits, instruments, and services. In 2021, the assay kits segment accounted for the highest CAGR and is expected to hold its dominance over the forecast period due to product advancement. However, other segments such as instruments and services are expected to showcase lucrative growth over the forecast period owing to rising awareness for allergic diseases.

By Test Type

Based on tests type, the market is divided into in-vivo and in-vitro tests. In 2021, the in-vivo segment accounted for the largest revenue share and is expected to hold its dominance over the forecast period owing to its benefits such as high sensitivity and ease in handling. However, in-vitro segment is expected to showcase lucrative growth over the forecast period. This can be attributed to increased demand for minimally invasive diagnostics methods and clinical laboratory automation.

By Allergens Type

Based on allergens type, the market is segmented into drugs, food, and inhaled. In 2021, the inhaled allergen segment was dominating due to increase in incidence of respiratory allergic diseases such as asthma, development of new allergens, and increasing demand for allergy testing. However, the drug segment is expected to witness lucrative growth over the forecast period followed by the food allergens segment owing to rising food allergy cases among children compared to adults.

By End User

Based on end user, the market is divided into hospitals, diagnostic laboratories, and others. Diagnostics laboratories accounted for the largest market share owing to the intensive usage of immunoassay tests in testing of allergies in patient. However, hospitals are expected to be fastest growing segment due to rising government investments and growing number of patients visiting hospitals for treatment.

Regional Insights

In 2021, North America was the highest revenue-generating region in the global market and is anticipated to hold its dominance over the forecast period. This is owing to increasing healthcare expenditure, rising allergic diseases and its awareness, and rapid adoption of advanced diagnostic in-vitro tests. However, the European market holds the second position across the globe due to the existence of major pharmaceutical players in this region. Asia Pacific is projected to witness attractive growth over the forecast period. This is attributed to the rising demand for less invasive diagnostic tests, unmet clinical needs, and development in healthcare infrastructure.

Competitor Insights

Some of the key players in the allergy diagnostics market are Siemens AG (Germany), Thermo Fisher Scientific Inc. (U.S.), bioMérieux SA (France), HOB Biotech Group Suzhou Co., Ltd. (China), Lincoln Diagnostics Inc. (U.S.), HYCOR Biomedical (U.S.), Danaher Corporation (U.S.), Omega Diagnostics Group PLC (UK), Stallergenes Greer (UK), and Alcon (Switzerland). The key players operating in the market are adopting various growth strategies such as technological innovations, collaborations, mergers & acquisitions, new product launch, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The allergy diagnostics market report is categorized into the following segments and subsegments:

Allergy Diagnostics Market, By Product type (Revenue, 2021-2029, USD Million)

Allergy Diagnostics Market, By Test Type (Revenue, 2021-2029, USD Million)

Allergy Diagnostics Market, By Allergen Type (Revenue, 2021-2029, USD Million)

Allergy Diagnostics Market, By End-User (Revenue, 2021-2029, USD Million)

Allergy Diagnostics Market, By Region (Revenue, 2021-2029, USD Million)

Scope of Allergy Diagnostics Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 10 players 50+ other major players listing
15% Free Customization Available	You can customize the study scope to meet your exact requirement. Click here for more details